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News Briefs - June 29
Consumer Confidence Index Rises to Two-Year High • UPS, FedEx Seek More Flights to China • Visteon Elects New President; Chairman to Retire in 2005 • CNF Names Kennedy Interim CEO • And more...
June 29, 2004
TT's Seth Clevenger and Mike Senatore unpack the trends, surprises and shake-ups that define this year's Top 100 for-hire carriers..
National Diesel Price Holds Steady, but Some Regional Prices Rise
The national average diesel price held fast at $1.70 a gallon last week, the Department of Energy reported Monday, but the price did move in some areas of the country.
June 29, 2004Yellow to Start 'Next Day' Service to Compete in Overnight Market
Less-than-truckload carrier Yellow Transportation, a division of Yellow Roadway Corp., said Monday it reached an agreement with the Teamsters union on the roll-out of a new service that it said would allow it to compete in the overnight market.
June 29, 2004ATA Says Business Conditions for Intermodal Carriers Need Improvement
The American Trucking Associations and its intermodal carriers issued a report offering insight into what intermodal trucking firms consider to be their key issues.
June 29, 2004Strike by Independent Truckers Affecting Volume at Some Ports
Hundreds of independent truck drivers went on strike Monday at several U.S. ports, and have threatened to remain off the job until Sunday, news services reported..
June 29, 2004Question for Readers: Is the Trucker Strike Affecting Your Business?
Click here to write a Letter to the Editor.Hundreds of independent truckers went on strike at several U.S. ports on Monday, and have threatened to stay off the job until Sunday. Has your business been affected by this strike?
June 29, 2004Unions Rejects Freightliner Contract; May Strike as Early as Thursday
Four unions representing 1,100 workers at heavy truck manufacturer Freightliner LLC's plant in Portland, Ore., rejected the company’s contract offer and authorized a strike.
June 29, 2004Daimler Reportedly to Move Cordes from Commercial Vehicles to Mercedes
A German newspaper reported Monday that Eckhard Cordes, the head of DaimlerChrysler AG’s commercial vehicle unit, would be transferred to the company’s Mercedes luxury car division, Bloomberg News said.
June 28, 2004ATA, NITL Offer Model for Truckload Contracts
American Trucking Associations and the National Industrial Transportation League unveiled a model truckload contract June 22 that the carrier and shipper groups said would serve as a standard example of how to structure legal freight agreements and ultimately prevent disputes, liabilities and expensive litigation.
June 28, 2004Opinion: Making a Bad Situation Worse
Click here to write a Letter to the Editor. rucking is the backbone of this nation’s economy, accounting for 68% of the total freight tonnage transported, and diesel fuel is the lifeblood of the industry. For many companies, diesel is the second-highest operating expense after labor — equaling between 10% and 20% of total operating expenses.
June 28, 2004